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Multinational companies’ cash conversion cycle continues to shrink, driven by improvements in days payables outstanding (DPO), according to this year’s “U.S. Working Capital Survey” by The Hackett Group. The study examined the 2017 annual reports from the 1,000 largest non-financial companies that have headquarters in the United States. The cash conversion cycle for these organizations is currently 33.8 days, a 4 percent improvement over 2016.

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